Alliance Resource Partners, L.P. $ARLP Shares Sold by First United Bank & Trust

First United Bank & Trust trimmed its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 33.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,300 shares of the energy company’s stock after selling 1,136 shares during the period. First United Bank & Trust’s holdings in Alliance Resource Partners were worth $60,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ARLP. Wealth Enhancement Advisory Services LLC raised its stake in shares of Alliance Resource Partners by 119.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,506 shares of the energy company’s stock worth $513,000 after buying an additional 10,613 shares during the period. Disciplined Investments LLC increased its position in shares of Alliance Resource Partners by 2.6% during the first quarter. Disciplined Investments LLC now owns 61,533 shares of the energy company’s stock worth $1,679,000 after purchasing an additional 1,549 shares in the last quarter. BCS Wealth Management increased its position in shares of Alliance Resource Partners by 12.5% during the first quarter. BCS Wealth Management now owns 22,459 shares of the energy company’s stock worth $613,000 after purchasing an additional 2,488 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Alliance Resource Partners by 321.3% during the first quarter. Farther Finance Advisors LLC now owns 969 shares of the energy company’s stock worth $26,000 after purchasing an additional 739 shares in the last quarter. Finally, GraniteShares Advisors LLC increased its position in shares of Alliance Resource Partners by 6.5% during the first quarter. GraniteShares Advisors LLC now owns 100,935 shares of the energy company’s stock worth $2,754,000 after purchasing an additional 6,120 shares in the last quarter. 18.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Industrial Alliance Securities set a $30.00 price target on Alliance Resource Partners in a research report on Wednesday, September 24th. Alliance Global Partners assumed coverage on Alliance Resource Partners in a research report on Wednesday, September 24th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $29.50.

Alliance Resource Partners Stock Up 1.0%

Shares of NASDAQ:ARLP opened at $25.28 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.96 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average of $24.43 and a two-hundred day moving average of $25.70. The stock has a market cap of $3.25 billion, a P/E ratio of 13.97 and a beta of 0.58. Alliance Resource Partners, L.P. has a 52-week low of $22.20 and a 52-week high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP) last issued its earnings results on Monday, July 28th. The energy company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.06). The company had revenue of $547.46 million during the quarter, compared to analysts’ expectations of $583.57 million. Alliance Resource Partners had a net margin of 10.30% and a return on equity of 14.27%. On average, research analysts expect that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.

Alliance Resource Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 9.5%. The ex-dividend date of this dividend was Thursday, August 7th. Alliance Resource Partners’s dividend payout ratio is 132.60%.

About Alliance Resource Partners

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.